• Corpus ID: 237940091

onlineforecast: An R package for adaptive and recursive forecasting

  title={onlineforecast: An R package for adaptive and recursive forecasting},
  author={Peder Bacher and Hj{\"o}rleifur G. Bergsteinsson and Linde Frolke and Mikkel L. S{\o}rensen and Julian Lemos-Vinasco and Jon A. R. Liisberg and Jan Kloppenborg M{\o}ller and Henrik Aalborg Nielsen and Henrik Madsen},
Systems that rely on forecasts to make decisions, e.g. control or energy trading systems, re-quire frequent updates of the forecasts. Usually, the forecasts are updated whenever new observations become available, hence in an online setting. We present the R package onlineforecast that provides a generalized setup of data and models for online forecasting. It has functionality for time-adaptive fitting of dynamical and non-linear models. The setup is tailored to enable the effective use of… 

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